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makes up nearly 70% of the u.s. economy. and technology giant cisco will start returning some of the nearly $40 billion in cash it has to shareholders. the company says it will pay a dividend in 2011 of about 1% or 2%. >>> bill gross is the founder and cochief investment officer of financial giant pimco with more than $1.1 trillion of bonds and stock under its management. his total return fund is the world's largest mutual fund, valued at $247 billion. and his words carry weight on wall street and around the world. he joins me right now to talk more. bill so, good to have you on the program. thanks for joining us. >> thank you, maria. >> so it's been two years since the collapse of lehman brothers. you and your pimco team say we've entered a new normal. diminished expectations and growth. tell us what that new normal may look like. >> well, it looks like a slow growth environment with high unemployment in the united states. and it looks like a global economy in which developing economies such as china and brazil do much better than developed countries such as the united states
? there is sort of an us versus them type attitude when you have the promotion, the book promotion in ireland. you had some disruption of your time there. you canceled a similar event in london. were you surprised by that? what does this tell us about politics today? >> the people that mount these protests, that throw things and shout things and everything, in my experience, they're not representative of the broad majority, who even if they disagree with express that disagreement reasonably. the second thing, though, is something i call the tyranny of the protest. which means today in the world in which we live in politics, if you particularly with 24-hour a day, seven-day a week media, if you come out and do something extreme. suppose even a public meeting that a politician is holding, they've got a thousand people in the audience and five of them stand up and shout and throw things, i can guarantee the five will take the publicity. >> wars create upset, uncertainty and are very tough. >> that is absolutely natural that people feel very strongly. but even with those things, my experience, even wi
Search Results 0 to 2 of about 3 (some duplicates have been removed)

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